"Over the past decade, Texas and Toyota have developed a strong
partnership that has resulted in good-paying jobs for thousands
of Texans," Perry said in a statement about the automakers move
Monday. "Toyota understands that Texas’ employer-friendly
combination of low taxes, fair courts, smart regulations and
world-class workforce can help businesses of any size succeed and
thrive. We’re proud that both the Tundra and Tacoma bear the
words ‘Made in Texas,’ and we’re excited our state will be the
nexus for Toyota’s North American operations moving forward."

Toyota already has manufacturing facilities in Texas. Perry's
office said the Texas Enterprise Fund offered Toyota a
$40 million investment for moving its sales headquarters, which
are expected to employ about 4,000 people.

TEF was created in 2003 to give companies incentives to bring
jobs and investments to Texas. Perry's office said the Toyota
project would be "one of the largest job creation projects
in TEF history" when it is completed. The TEF investment is
contingent on the finalization of contracts as well as a local
incentive agreement.

Perry has made luring out-of-state companies to Texas one of his
major priorities. Last week, Perry
traveled to New York in an effort to recruit businesses there
to make the move.